Third Quarter 2023 Earnings Presentation

• Closing Comments • Share gains across all three businesses; Strong demand for new premium products Retail trends weakened across the business in the third quarter · Expect industry full-year N.A. powersports retail to be flat relative to 2022 • Focused on improving production inefficiencies Committed to winning in a competitive environment by delivering high quality and innovative products while remaining agile and efficient Lowered full-year adjusted EPS guidance due to elevated manufacturing costs, unfavorable shipment mix and lower retail trends INDIAN POLARISL TUMBON W Powering Passion and Pioneering New Possibilities for All Those Who Play, Work and Think Outside POLARIS Q3'23 Earnings 10/24/23 | 14

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